ABOUT US  |  CONTACT US  |  RSS  |  ARCHIVE  |  2020-07-07  |  UPDATED: 1399/04/16 - 14:06:3 FA | AR | EN
Nearly 40 feared dead as torrential rains hit Japan            US soldier killed in road accident in southwestern Afghanistan             Drug couriers disguised as key workers during COVID-19 lockdown in UK            Belgium: Thousands denounce university headscarf ban ruling in Brussels            Armed Israeli settlers raid Palestinian farm in West Bank, injure two            Venezuelaís Maduro censures Ďcriminalí US sanctions during military parade            Brexit talks move to London after tough week in Brussels            Brazil reports over 26,000 new cases of coronavirus, 600 deaths            Ten out of the 12 hospitals in Texasí Rio Grande Valley are now full            Spain re-imposes lockdown on Galicia amid second wave of COVID-19            Pandemic Ďstretchesí Saudi healthcare, Americans denied treatment: Report            Katyusha rocket fired at US base in Baghdad airport: Report             Trump coronavirus claims undercut by FDA official             Russia accuses US intelligence officers of trafficking drug from Afghanistan             Kabul-Hosted Intl Conference on Peace Process Begins            


DATE PUBLISHED: 1398/10/23 - 16:12:1
VISIT: 476
SHARE WITH YOUR FRIENDS

New Boeing chief executive takes over with 737 max crisis unresolved

Boeing Coís new Chief Executive David Calhoun assumes the job Monday as the US planemaker battles to recover from two fatal crashes of 737 MAX planes that killed 346 people in five months and led to the modelís worldwide grounding in March.

Calhoun, 62, a long-time Boeing director named chairman in October after the board stripped Dennis Muilenburg of the title, was named chief executive on Dec. 23 following the boardís firing of Muilenburg amid growing concerns about the companyís relationship with regulators and its handling of the MAX.

Boeing has estimated costs of the MAX grounding at more than $9 billion to date and is expected to disclose significant additional costs during its fourth-quarter earnings release on Jan. 29. Boeing faces rising costs from halting production of the MAX this month, compensating airlines for lost flights and assisting its supply chain. It is also considering raising more debt.

Calhoun, a longtime executive at Blackstone private equity group and corporate crisis manager, is already working to repair the companyís relationships with regulators, airlines and lawmakers. He previously headed a General Electric division that included airplane engines.

Last week, the board and its interim CEO reversed course and recommended regulators require simulator training for pilots before they resume flying the MAX. Directors also authorized the release of more than 100 pages of damaging internal messages that disclosed company efforts to avoid costly simulator training for the MAX amid troubling questions about its culture.

In one email, an employee said the 737 MAX was "designed by clowns who in turn are supervised by monkeys."

A source close to Calhoun said Sunday that it was important employees saw the emails, which Boeing last week described as "completely unacceptable."

Calhoun wants to "get rid of the culture of arrogance" at Boeing that led to the messages written by a small number of employees, and ensure staff "hold each other accountable," the person said.

US Representative Peter DeFazio, who chairs the House Transportation and Infrastructure Committee, told reporters Friday he advised Calhoun in a conversation he needs "to do something to relieve the pressure from Wall Street on your organization, which ultimately drove all this."

Calhoun will be at Boeingís Chicago headquarters and at its facilities in Washington State this week, the source said, talking with lots of employees.

On Friday, the board approved a $1.4 million annual salary for Calhoun and long-term compensation of $26.5 million if he achieves several milestones, including the return to service of 737 MAX.

Reuters has reported the FAA is not expected to approve the MAXís return to service until at least February and potentially March or later. US airlines have canceled MAX flights into early April or later.

(Source: Reuters)

 

 

LINK: https://www.ansarpress.com/english/12715


TAGS:






*
*

*



SEE ALSO

70 affected by gas leak at Iranian petrochemical complex: Spokesman


Khalilzad Discusses Development Plans With Qataris, Taliban


UK plan to invest in US satellite operator OneWeb nonsensical: UK experts


Pandemic could hit drug markets as in 2008 crisis: UN warns


More US layoffs as weak demand persists after businesses reopened


Confcommercio estimates Italyís GDP down by 17% in 2nd quarter


China, Russia see US íbullyingí as IAEA adopts anti-Iran resolution


Trump renews threat to cut ties with China


ADB approves APPCís loan to enhance Afghanistanís energy security


UK, France, Italy, Spain slam US over exit from digital services tax talks





VIEWED
MOST DISCUSSED




POLL

Modi, Merkel Discuss Afghanistan, Radicalisation And Terrorism

SEE RESULT


LAST NEWS

Frederick Douglass statue vandalized in Rochester park

Nearly 40 feared dead as torrential rains hit Japan

US soldier killed in road accident in southwestern Afghanistan

Drug couriers disguised as key workers during COVID-19 lockdown in UK

Belgium: Thousands denounce university headscarf ban ruling in Brussels

Armed Israeli settlers raid Palestinian farm in West Bank, injure two

Venezuelaís Maduro censures Ďcriminalí US sanctions during military parade

Brexit talks move to London after tough week in Brussels

Brazil reports over 26,000 new cases of coronavirus, 600 deaths

Ten out of the 12 hospitals in Texasí Rio Grande Valley are now full

Spain re-imposes lockdown on Galicia amid second wave of COVID-19

Pandemic Ďstretchesí Saudi healthcare, Americans denied treatment: Report

Katyusha rocket fired at US base in Baghdad airport: Report

Trump coronavirus claims undercut by FDA official

Russia accuses US intelligence officers of trafficking drug from Afghanistan

Kabul-Hosted Intl Conference on Peace Process Begins

12,189 Known Active Cases of COVID-19 in Afghanistan

Massive protests staged across Australia in support of Black Lives Matter

Iraqis rally to decry Saudi paperís offensive cartoon of Ayatollah Sistani

16 dead in Japan as heavy rain triggers floods, mudslides: Media

166 killed in Ethiopia protests over killing of musician

Columbus statue toppled by race protesters in Baltimore: media

FM Zarif: Iranís ditching of US dollar to ease sanctions pressure paying off

Refugees stranded in Mediterranean to be quarantined on Italian ship

WHO notes all-time high in coronavirus cases in 24 hours +World updates

Florida, Texas post daily COVID-19 records as ípositivityí rates climb

Daesh kills 2, including 5-year-old, in Nigeria

Iran lodges complaint against US at ICC over sanctions amid rise in COVID-19 infections

Russia calls UK courtís decision to hold Venezuelan gold Ďoutrageousí

Protesters burn American flag outside White House after Trumpís July Fourth speech

Baghdad condemns US for missile test inside its embassy

Iraq officially protests Turkeyís cross-border offensive

Right-leaning parties stage anti-govt demo in Rome

DFB-Pokal final: Bayer Leverkusen 2-4 Bayern Munich

Iran says has triggered JCPOA dispute mechanism Ďsix timesí

Trump fund-raising official tests positive for covid-19

70 affected by gas leak at Iranian petrochemical complex: Spokesman

Coronavirus: July 4th advice from Ivanka Trump backfires

Trump attacks Ďradical leftí in fourth of July speech

Indian Air Force carries out drills near China border


MEDICAL NEWS


ANSAR PRESS ©  |  ABOUT US  |  CONTACT US  |  MOBILE VERSION  |  LINKS  |  DESIGN: Negah Network Co.
All right reserved. Use this website by mentioning the source (link) is allowed. ›—ś‘ź«Ś «یš —š ی šŕŠ»šŌ«š